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UFJ and Nippon Shinpan
Debt Units to Merge

UFJ Bank Ltd. and Nippon Shinpan Co. said they will allow their debt-servicing units to merge by the end of this year as part of their planned strategic alliance.

The new company will become Japan's largest debt-collection servicer, with annual revenue of about &yen;10 billion ($90.7 million) and 1,000 employees. It will offer services from collecting housing- and consumer-loan payments to recovering corporate loans.